Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12PROB
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Question
![At what rate compounded monthly will P4,222 accumulate to P16,444 in 2 years and 10 months?
O 40.80%
46.98%
O 48.96%
O 49.86%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5998a153-ae56-4fc8-9e77-da4c78b3bd6d%2F48104ad0-c989-4da6-9e33-9931a7e7f805%2Fhqnupsa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At what rate compounded monthly will P4,222 accumulate to P16,444 in 2 years and 10 months?
O 40.80%
46.98%
O 48.96%
O 49.86%
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